BlackRock Bitcoin Fund Hits ‘Absurd’ Growth, Eyes $100B AUM
According to market reports, BlackRock’s iShares Bitcoin Trust (IBIT) has climbed to the edge of a major milestone, with assets under management roughly between $98 billion and $100 billion. Related Reading: After Nearly $80 Billion In Bitcoin, Saylor Says It’s Time To Pause – For Now In just over a year since launch, the fund […]
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According to reports, Russian police have seized around 2,700 crypto mining equipment from a site in St. Petersburg after a months-long probe into unusually low meter readings. Related Reading: BlackRock Bitcoin Fund Hits ‘Absurd’ Growth, Eyes $100B AUM The haul included banks of machines, fans and other cooling gear, and the authorities say they also […]
Quick Facts: 1️⃣ BlackRock’s spot Bitcoin ETF IBIT surpassed $100B less than two years after its release on January 11, 2024. 2️⃣ Larry Fink announced a long-term plan to tokenize all assets, from funds to stocks and cash. 3️⃣ Fink argues that bubbles don’t impact long-term investors and that time in the market outweighs opportunistic […]
Bloomberg analyst Eric Balchunas has highlighted how the BlackRock Bitcoin ETF (IBIT) has performed in comparison to the world’s largest asset manager’s older funds. This comes as the fund approaches the $100 billion milestone, which will make it the fastest to reach this milestone. BlackRock Bitcoin ETF Becomes Most Profitable Fund In an X post, […]
BlackRock is moving deeper into tokenized funds, and the moves are starting to look like a bid to bring traditional ETFs onto blockchains. Related Reading: Vietnam To Test Crypto Market Over 5 Years With Heavy Rules Reports have disclosed that the firm’s tokenized money market product, known as the BlackRock USD Institutional Digital Liquidity Fund […]
Amid growing institutional adoption of cryptocurrencies, it seems as though that Blackrock, the world’s largest asset manager, has now set its eyes on the rapidly expanding crypto space. Back in January, Bloomberg reported that Blackrock was adding Bitcoin futures as eligible investments in two of its funds — the first time the firm had offered […]